Ranchwood Park Property Owners Association

Key facts from Ranchwood Park Property Owners Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (also a planned unit development for recreation area) (Recitals (C): 'Condominium Project' and )

Legal name

RANCHWOOD PARK PROPERTY OWNERS ASSOCIATION (Title and Section 1.6)

Governing law

California Civil Code (sections 4125, 4285, 4340-4370, 5300, 5310, 5500, 5550, 5570, 5675, 5705, 5855, 4040, 4045, 4600, 5660, 5670, 5673, 2924) (Multiple references throughout; e.g., Se)

Collections & liens

Unpaid assessments become a lien on the Condominium; may be foreclosed like a mortgage (power of sale under Civil Code Sections 2924 et seq. and 5705 et seq.). Lien is subordinate to first mortgage. Sale under first mortgage extinguishes pr (Sections 5.2, 5.8, 5.9, 5.11, 5.12)

Reserves & fees

Greater of $10 or 10% of overdue assessment amount per installment. (Section 5.8)

Pets

Pets allowed: no more than a reasonable number as determined by Board. (Section 6.2)

Leasing & rentals

Owner may lease Unit, Exclusive Use Common Area and interest in Common Area together. (Section 6.1(C))

Home business

Trade or business permitted if no material impact on Common Area or Recreation Area. (Section 6.1(B))

Voting & meetings

Each Condominium Owner is a Member with voting rights per Declaration, Articles, and Bylaws. Voting Power equals number of Units eligible to vote. (Section 2.1 and Section 1.38)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.